POPULAR TAVERN & LIVE ENTERTAINMENT bar849

Price: $425,000

Location: Bergen County, New Jersey

Industry: Bar

Listing ID: bar849

Highly successful Bergen County tavern restaurant which includes a valuable consumption liquor license and live entertainment. This restaurant has recently been fully upgraded which includes new kitchen and rest rooms. The business projects a yearly gross income of $600,000 and a substantial net income to the owner operator. The interior has a warm, rustic, welcoming atmosphere and outside dining is offered with a fully covered Patio & Porch, ensuring no weather issues. A family-friendly atmosphere for lunch and dinner, evolving into a lively late dinner scene with cocktails, deep wine list, and a rotating beer tap system. This tavern serves hearty American and Italian classics, including beautiful wood-fired pizzas. The business is a local family owned & operated. This is a dependable safe business opportunity and based on the asking price, this business expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $600,000

Cash Flow: $94,999

FFE: $265,000 (Included in Price)

Inventory: $1,500 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement from this industry and involved in an alternative noncompetitive industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 4500

Type of Location: Commercial Avenue

Square Footage: 1,850

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern New Jersey, Bergen County on a highly active county road near to various state highways. This facility consists of approximately 1,850 square feet with an ultra-modern, attractive, and professional appearance. The business has a capacity of approximately one hundred clients and has a large exterior tent which offers outside seating and consist of a free-standing facility conveniently located for its various customers.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity requires New Jersey state government license approval to purchase due to the consumption liquor license, however the business presently has all other required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Regarding growth and expansion, the retail company can be further developed by increasing the days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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